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Equipment Finance Limited Vs Kitply Industries Limited (NCLT Guwahati)

NCLT GuwahatiOtherSection 7 (Insolvency application, IBC)Faisla: Assessee ke favour mein

Case ke facts

SREI group ne Kitply par ₹333.59 crore ka loan outstanding batakar Insolvency case file kiya. Kitply ne bola ki loan ki terms hi disputed hain. Section 65 ki penalty bhi maangi gayi thi.

Mudda (Issue)

Kya disputed loan pe Section 7 mein insolvency admit ho sakta hai?

Faisla (Held)

NCLT ne petition radd kar di. Bola, dispute hai toh insolvency process nahi chalega. Section 65 penalty bhi nahi lagi.

Practical takeaway

Agar loan par clear dispute hai to direct insolvency proceedings nahi ho sakte. Proper documentation aur dispute ka record maintain karo.

Original report: taxguru.in

Aapke case mein bhi aisa hi mudda hai?

CGA ki team notice, appeal aur department proceedings mein kaam karti hai. Documents ke saath baat kariye.

Tax aur legal help

Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-10-18.

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